Teck Resources Stock Forecast, Price & News

Teck Resources' stock was trading at $8.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TECK shares have increased by 71.2% and is now trading at $14.04.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Teck Resources is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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Teck Resources Ltd (NYSE:TECK) posted its quarterly earnings data on Thursday, July, 23rd. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.20. The basic materials company earned $1.72 billion during the quarter, compared to analysts' expectations of $1.73 billion. Teck Resources had a positive return on equity of 3.65% and a negative net margin of 10.04%. The business's revenue was down 45.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS.
View Teck Resources' earnings history.

Teck Resources declared a quarterly dividend on Tuesday, August 25th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.037 per share on Wednesday, September 30th. This represents a $0.15 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, September 14th. This is a boost from Teck Resources's previous quarterly dividend of $0.04.
View Teck Resources' dividend history.

16 Wall Street analysts have issued 1-year target prices for Teck Resources' shares. Their forecasts range from $8.50 to $35.00. On average, they anticipate Teck Resources' share price to reach $20.50 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price.
View analysts' price targets for Teck Resources.

Teck Resources saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,520,000 shares, a drop of 27.6% from the August 31st total of 9,000,000 shares. Based on an average daily trading volume, of 3,750,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.3% of the shares of the stock are sold short.
View Teck Resources' Short Interest.

Some companies that are related to Teck Resources include Vulcan Materials (VMC), Martin Marietta Materials (MLM), Sociedad Quimica y Minera de Chile (SQM), Mdu Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), Summit Materials (SUM), LYNAS CORP LTD/S (LYSDY), United States Lime & Minerals (USLM), GalianoGoldInc . (GAU), Ciner Resources (CINR), Gold Standard Ventures (GSV), U.S. Silica (SLCA), Intrepid Potash (IPI) and Centrus Energy (LEU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Micron Technology (MU), Freeport-McMoRan (FCX), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Tesla (TSLA) and Zynga (ZNGA).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (3.02%), Vanguard Group Inc. (2.60%), TD Asset Management Inc. (0.88%), Bank of Nova Scotia (0.78%), CIBC Asset Management Inc (0.63%) and Impala Asset Management LLC (0.55%).

TECK stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Alberta Investment Management Corp, CIBC Asset Management Inc, Impala Asset Management LLC, Great West Life Assurance Co. Can, Vanguard Group Inc., FIL Ltd, and Letko Brosseau & Associates Inc..

TECK stock was acquired by a variety of institutional investors in the last quarter, including QV Investors Inc., Bank of America Corp DE, PM CAPITAL Ltd, Toronto Dominion Bank, Point72 Asset Management L.P., FMR LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Two Sigma Advisers LP.

Shares of TECK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TECK stock can currently be purchased for approximately $14.04.

Teck Resources has a market capitalization of $7.35 billion and generates $8.99 billion in revenue each year. The basic materials company earns $-455,930,000.00 in net income (profit) each year or $2.22 on an earnings per share basis. Teck Resources employs 10,100 workers across the globe.

The official website for Teck Resources is www.teck.com.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The basic materials company can be reached via phone at 604-699-4000 or via email at [email protected]